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SAN ANTONIO – They are less expensive than a traditional home, but they are also a lot smaller.
Tiny homes are popping up in one San Antonio community and they are offering a chance at home ownership at a lower price point with living space at less than 700 square feet. In a quiet East Side community still under construction, tiny homes are taking over.
Myilicia Hare, who owns a tiny home said, “I actually grew up two blocks down the street. I went to the elementary school right around the corner and I’ve always wanted a tiny home.”
Hare has lived here now for nearly a year after downsizing from a 3 bedroom, 2 bath home. Taking a look inside, the layout of the tiny home is pretty straightforward.
“Downstairs is a full bedroom, full bath. Upstairs is a living room, bedroom and closet space, and additional bathroom,” Hare explained.
And all of it inside the tiny home that’s roughly 660 square feet. While it may not be for everyone, Myilicia says for her, it’s a perfect fit.
Hare said, “I’m not trying to do yard work. I’m not trying to clean five bedrooms.”
Reagan Williamson, the Chair-Elect of the San Antonio Board of Realtors explained, “I think simplicity of life in a smaller place attracts folks to these houses. Knowing that it’s new construction is very attractive because it comes with all the warranties from the builder.”
Williamson says while the concept of tiny homes isn’t necessarily new, it is relatively new to the San Antonio market. He also says with the median price of a traditional home going for around $360,000 in our area and interest rates a little higher compared to the past, there’s plenty of appeal to a tiny home starting with its price.
“When you’re looking at the tiny homes, they’re transacting at around $168,000. So they’re at the lower end of that sweet spot. It really makes it affordable and attracts a lot of buyers and it opens up the ability to be a homeowner instead of a tenant.”
Myilicia says that was a big part of the reason why she bought her tiny home. Her mortgage is less than $1,300 per month and her electric bill peaks at just $50 per month. She says it’s less space to manage and more peace of mind.
“This 100% percent fits my lifestyle because if I have to go, I have to go. I can’t worry about having to take care of a bunch of things,” said Hare.
As for the idea of more tiny homes coming to the area as more people move to San Antonio, Williamson says that’s a real possibility.
Williamson explained, “From what I can tell, they are selling really well. And I would imagine that Lennar and other national home builders are going to put their eyes and focus on that tiny home market segment. If the demand is there, you want to put the product on the ground.”
“Some people like having the space. Some people like having separate rooms. Tiny living is not for everyone. Tiny living is for those who don’t want their yard to be managed, they don’t want the spaces to be clean. That’s what tiny living is for,” said Hare.
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This article was originally published by a news4sanantonio.com . Read the Original article here. .